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Chengdu Expressway Announces Delay in Major Transaction Circular Dispatch
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Chengdu Expressway Announces Delay in Major Transaction Circular Dispatch

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Chengdu Expressway Co., Ltd. Class H ( (HK:1785) ) has shared an announcement.

Chengdu Expressway Co., Ltd. announced a delay in the dispatch of a circular concerning a possible major transaction involving a Land Requisition and Relocation Agreement for the Chongzhou Section. The delay is due to the agreement not yet being signed and the need for additional time to prepare necessary information. This postponement may impact the company’s operational timeline for the transaction, potentially affecting stakeholders’ expectations and the company’s strategic positioning in infrastructure expansion.

More about Chengdu Expressway Co., Ltd. Class H

Chengdu Expressway Co., Ltd. operates in the transportation industry, primarily focusing on the management and operation of expressways. The company is incorporated in the People’s Republic of China and engages in activities related to infrastructure development and transportation services.

YTD Price Performance: -1.67%

Average Trading Volume: 104,608

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$3.89B

For an in-depth examination of 1785 stock, go to TipRanks’ Stock Analysis page.

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